News Source: International Business Times
| 6 months ago
In early March, a month after Treasury Secretary Timothy Geithner announced the tests on February 10 to help restore investor confidence in the major banks, the scene was much bleaker: major stock indexes had slumped to 12-year lows on persistent...
News Source: Tulsa World
| 6 months ago
The White House told industry officials on Friday that it is leaning toward recommending that the Federal Reserve become the supercop for "too big to fail" companies capable of causing another financial meltdown. According to officials who attended a...
News Source: Press TV
| 6 months ago
Results of 'stress tests' released on Thursday showed that 10 of America's 19 largest banks need a total of $74.6 billion in new capital to boost their cash reserves in the event of a deeper economic slump. Geithner said there were signs that the...
News Source: The Economic Times
| 6 months ago
US Treasury Secretary Timothy Geithner said Friday that there was a risk that US economic recovery could take a long time, but vowed to take all necessary steps to speed it up. "Well, that's the risk," Geithner said in a PBS television interview when...
News Source: International Business Times
| 6 months ago
National Economic Council Director Lawrence Summers, a senior adviser to President Barack Obama, is expected to lead a renewed administration effort on regulatory restructuring, now that the bank stress tests are completed, sources said. The...
News Source: International Business Times
| 6 months ago
Now that the U.S. bank stress tests are over, the administration is refocusing on a drive to tighten regulation of banks and markets to prevent another financial crisis like the one that is currently ravaging economies worldwide. Systemic risk refers...